Top central banks around the world have renewed a series of currency swap lines set up during the 2007-2009 financial crisis, providing a precaution against future market strains.
The US Federal Reserve said it had extended for an
China and the United Arab Emirates on Tuesday signed a currency swap agreement worth 35 billion yuan ($5.54 billion), the People's Bank of China said, adding that the deal was effective for three years and would boost two-way trade and investment.
India and Japan have agreed to a $15 billion currency swap line, a Japanese official in Delhi said on Wednesday, in a positive move for the troubled Indian rupee, Asia's worst performing currency this year.
The two countries previously had